Mon, 1st Jun 2026

Paige Estritori covers this week's insurance news ending May 31, 2026. In Australia's commercial insurance market, soft conditions continue due to increased competition, stable reinsurance, and a global capital surplus post-COVID. Property insurance premiums remain stable for well-maintained properties, with positives for mid-market businesses under general liability insurance. The challenge lies in the cyber insurance segment due to increasing cybercrime costs. The Australian Prudential Regulation Authority finalizes changes for insurers to offer competitively priced, sustainable retirement products, signifying a move towards secure financial choices for retirees. The Council of Australian Life Insurers proposes amendments to improve mental health coverage in life insurance. Lastly, APRA and ASIC collaborate with 19 insurance leaders to discuss sustainability concerns and the necessity for product redesign in the Total and Permanent Disability insurance market.